The nextSource End Vendor Service is a contractual relationship that enables customers to more effectively manage their vendor base for temporary or consulting services. Traditionally, customers have gone through extensive processes to establish a Preferred Vendor List for these types of services. With some customers, these processes may take many months to complete. For whatever reasons, the customer managers tend to continue to source their temporary workers and consultants through vendors other than those on the Preferred Vendor List.  

With nextSource's End Vendor Service, customers designate nextSource as one of their Preferred Vendors. nextSource then becomes the exclusive channel through which any temporary worker/consultant, not originating from one of the other Preferred Vendors, is able to provide services to the customer.

The process is simple, uncomplicated and seamless to the customer:

• The customer places an order with nextSource;
• nextSource invoices the customer;
• The customer issues payment to nextSource;
• And nextSource, in turn, remits payment to the vendor who has ultimately provided the individual.

The benefits to this type of service are:

• Increase Preferred Supplier Compliance
• Reduce costs through bill rate benchmarking and negotiations through the use of The People Ticker, nextSource's patent pending, on-line rates and compensation tool
• Reduce liabilities associated with off-contract purchases Insure consistent, auditable processes when using non-preferred vendors
• Save time and money through the transfer of time-consuming tasks of managing the non-preferred vendors to nextSource
• Allows flexibility in sourcing for those hard to fill openings resulting in increased hiring manager satisfaction